Space Incubatrics Technologies Limited witnessed a significant change in its shareholding pattern as promoter Suman Mittal offloaded a substantial portion of her stake in the company.

Key Details of the Transaction

• Shares Sold: 37,61,924 equity shares
• Stake Percentage: 10.87% of the company's paid-up equity share capital
• Sale Price: Rs. 2.10 per share
• Total Transaction Value: Approximately Rs. 7.90 crore
• Transaction Date: September 05, 2025
• Mode of Sale: Open market

Impact on Shareholding

• Individual Holding: Suman Mittal's individual holding in the company reduced to nil following the sale
• Combined Holding: The combined holding of Mittal with persons acting in concert decreased from 12.84% to 1.96%

Company Background

Space Incubatrics Technologies Limited maintains its total equity share capital at Rs. 34.61 crore, consisting of 3,46,09,176 fully paid-up equity shares of Rs. 10 each.

Regulatory Compliance

The company has duly filed the necessary disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, informing the Bombay Stock Exchange of this significant change in shareholding.

Recent Corporate Actions

The company recently held its 9th Annual General Meeting on September 6, 2025, where several resolutions were passed, including:

1. Adoption of audited standalone financial statements for the financial year ended March 31, 2025
2. Re-appointment of Mr. Nishant Mittal as a director
3. Approval for the sale of company property to Mr. Nishant Mittal or Mrs. Suman Mittal
4. Approval for the sale of company motor vehicles to Mr. Mahesh Chand Mittal or Mrs. Suman Mittal
5. Approval for material related party transactions
6. Authorization to make investments, give loans, guarantees, and security in excess of limits prescribed in Section 186 of the Companies Act, 2013
7. Authorization under Section 180(1)(A) of the Companies Act, 2013

These resolutions, particularly those related to the sale of company assets to promoter group members, may be seen in context with the recent share sale by Suman Mittal.

The substantial reduction in promoter holding could potentially impact the company's ownership structure and may be of interest to existing shareholders and potential investors alike.

Space Incubatrics Technologies Limited, a company listed on the Bombay Stock Exchange (BSE), has reported a significant change in its promoter shareholding. On September 5, 2025, two promoter entities executed substantial sales of their equity shares in the open market.

Major Stake Sale

Mrs. Suman Mittal, a key promoter of the company, sold 37,61,924 equity shares, representing a 10.87% stake in the company. The shares were sold at a price of ₹2.10 per share. Concurrently, another promoter entity, M/s Mahesh Chand Mittal HUF, divested 6,80,724 equity shares, accounting for a 1.96% stake, at the same price per share.

Transaction Details

The combined transaction involved the sale of 44,42,648 shares, which constitutes 12.83% of Space Incubatrics Technologies' paid-up equity share capital. The total proceeds from this sale amounted to approximately ₹8.75 crore.

Impact on Shareholding

Following these transactions:

• Mrs. Suman Mittal's individual holding in the company has been reduced to nil.
• M/s Mahesh Chand Mittal HUF now retains a minimal stake of 92 shares in the company.

Company's Capital Structure

Space Incubatrics Technologies Limited has a total paid-up equity share capital of ₹34.61 crore, consisting of 3,46,09,176 fully paid-up equity shares with a face value of ₹10 each.

Regulatory Compliance

In compliance with regulatory requirements, the company has made the necessary disclosures to the BSE under various SEBI regulations, including the Prohibition of Insider Trading Regulations and the Substantial Acquisition of Shares and Takeovers Regulations.

Recent Corporate Events

Space Incubatrics Technologies Limited recently held its 9th Annual General Meeting (AGM) on September 6, 2025. The AGM, chaired by Mr. Nishant Mittal, the Chairman and Managing Director, addressed several key agenda items, including the adoption of financial statements and re-appointment of directors.

The substantial stake sale by promoters, coupled with the recent AGM, marks a period of significant corporate activity for Space Incubatrics Technologies Limited. Investors and market observers will likely be watching closely for any potential impacts on the company's strategy and performance in the coming months.